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With the trial of the Tornado Cash co-founder ending its eighth day, a witness testified Roman Storm had control over some of the funds connected to the mixing service. US prosecutors in the criminal case against Tornado Cash co-founder and developer Roman Storm offered testimony from an Internal Revenue Service (IRS) agent as they prepare…
Lawmakers are expected to break in a matter of days, but there are still items on the legislative agenda to address, including two crypto bills passed by the House. US Republican lawmakers and President Donald Trump were able to overcome inter-party disputes to get three crypto bills passed through the House of Representatives last week,…
Crypto Week in the US ends with some victories for the crypto lobby, with the GENIUS Act headed to Trump’s desk. The US Congress has concluded its Crypto Week with the passage of the GENIUS Act and is sending other bills to the Senate after successful votes and no small amount of deliberation. The US…
At least seven law firms have filed complaints against Strategy, alleging securities fraud. Two crypto lawyers had different takes on the situation. The securities fraud lawsuits facing Michael Saylor’s company Strategy could take years to play out — if they go anywhere at all, according to legal experts. Strategy, formerly MicroStrategy, pioneered the use of…
The stablecoin-regulating GENIUS Act is headed to Donald Trump’s desk, which is expected to shake up how stablecoins operate in the US and abroad. President Donald Trump is a signature away from enacting a bill to regulate stablecoins that will dictate how issuers of the tokens must be regulated to serve the US market. The…
The president’s pick to sit on an appellate court covering Silicon Valley has represented several blockchain entities in courts. Eric Tung, a corporate lawyer with a track record of representing crypto firms, is poised to join one of the most influential federal courts in the United States. On Tuesday, US President Donald Trump sent Tung’s…
House Speaker Mike Johnson says he’ll look to move forward with three crypto bills on Wednesday after some Republican lawmakers pulled support over wanting a CBDC ban. The US House is set to try to move forward three crypto bills again on Wednesday after canning a re-vote on Tuesday as multiple Republican lawmakers pulled support,…
Hungary has updated its Criminal Code, imposing potential prison sentences for those using or running unauthorized crypto exchanges. Hungary has passed laws that could slap individuals trading crypto using an unauthorized crypto exchange with prison. Those who use a so-called “unauthorized crypto-asset exchange service” could face up to two years in prison with penalties increasing…
The hearing notice suggested a focus on a tax framework for digital assets, but did not mention specific witnesses or policies previously proposed. Lawmakers in the US House of Representatives are scheduled to hold a hearing on a crypto tax policy framework as part of Republicans’ push to consider bills on central bank digital currencies…
The dismissal came days before Tornado Cash developer Roman Storm was scheduled to face charges in US federal court. The US Court of Appeals for the Eleventh Circuit has dismissed an appeal filed by crypto advocacy organization Coin Center against the US Treasury Department over its Office of Foreign Assets Control’s 2022 sanctions against the…